- Company has signed a purchase agreement to acquire six home health locations from Home Health Corporation of America. The agencies are located in Pennsylvania, Maryland and Delaware with two agencies per state.
- This acquisition will expand the Co.'s coverage to five new counties in Maryland, a Certificate of Need state, five new counties in Pennsylvania and provide state-wide coverage in Delaware.
- The six agencies had revenue of approximately $23M for the twelve months ended June 30, 2008, but is not expected to add significantly to Amedisys' earnings in 2008.
- The transaction is subject to customary closing conditions, including certain regulatory approvals, and is expected to close in the beginning of October. Terms of the acquisition were not disclosed.

Other headlines for [AMED]

• AMED 11/20/2008 12:51pm
  Amedisys Inc Reaffirms FY08 guidance $3.20-3.25 v $3.24e, R $1.15-1.17B v $1.17Be
  
• AMED 11/20/2008 11:07am
  Amedisys Inc Hearing defended at Oppenheimer (timing uncertain)
  
• AMED 11/20/2008 06:45am
  Amedisys Inc DB Cuts AMED to Hold from Buy, price target: $53
  
• AMED 10/28/2008 06:01am
  Amedisys Inc Reports Q3 $0.89 v $0.82e, R $321.56M v $312.4Me- Guides FY08 EPS $3.20-3.25 v $3.10e, Rev $1.15-1.18B v $1.16Be
  

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